Wealth Stewardship Programs
Systems left unattended do not self-adjust
At this point on our journey, we’ve mitigated or eliminated the angst and pain you came in with. Together with your longstanding advisors, we’ve gotten to the heart of highly relevant matters and thoroughly cleaned up messes that have haunted you for too long. Families experience a tremendous exhale realizing that ease around cherished assets is real and possible.
What’s next?
There’s a reason things got messy in the first place. Masterful tools lose their mastery when left unstewarded. External factors shift without your control: the economy, financial markets, and legal and tax environments. Successful families and business owners lead joyful, dynamic lives of constant change. And humans are human, forgetting where things are saved, how they’re organized, and what entity should be used to pay for a thing or fund a commitment. Seemingly uneventful actions or inactions – inside and outside of your control – are the dominos back to angst and pain.
Should you choose to sustain the integrity of what we’ve collectively achieved, while Seeing Past the Line of inevitable change, we offer an ongoing support system of methodology, accountability, and collaboration. Shifts are addressed before first dominos fall and tended to prior to the collapse of a full matrix.
Across all chosen scopes of work, curiosity is our trusty ally. Whatever Motive sits to the right or left of the conscious topic likely matters more than the one in plain sight.
The Wealth Stewardship Program includes membership in The OthershipTM Institute.
The below meetings are optional, at the request and/or need of the client. Some years may be heavier on work and meetings, and some years may be lighter on work and meetings. Some meetings may be combined or skipped. This is a true retainer for the reservation of firm resources for the benefit of the Client.
Introductory Visit
- We meet for about an hour to listen, ask questions, and gain a current understanding of your concerns and desired outcomes. Where appropriate, we explain our process and set a time for you to meet with us and your trusted advisors to chart the preliminary course of the FamilyCounselor™ Program for this year.
Gathering and Evaluation
- We gather, review, and synthesize your existing Wealth Strategies Plan including new and/or changed data and then meet with your Collaborative Advisor Team to review our initial impressions and refine the Tactical Planning Session agenda. This information is provided by you or your other advisors, such as financial planners, CPAs, etc.
Tactical Planning Session
- We facilitate your family or team members through up to a half-day tactical planning session sometimes utilizing our “Nine Key Business or Family Questions” or similar format exploring your legal, financial, tax, and family developments. Together we identify areas of misalignment and alignment.
- Where concerns exist, we seek clarity of the problem and practical solutions that may not have been obvious before and allow you to recalibrate as things may change. We then develop this year’s potential Enhancement Initiatives to be assigned to the appropriate advisors and team members with timelines and responsibilities.
Enhancement Initiative Implementation, Phase One
- Through phone calls, email, mail, and physical (or remote) meetings, your advisory team assists, coordinates, and assigns the implementation of each of the Enhancement Initiatives to your appropriate firm while keeping you and each other informed.
Advisor Update and Planning Session
- As Wealth Strategies plans are not plug and play, we need to benchmark and monitor your plan and goals, keeping in mind end-of-year tax planning and current asset and estate values. In up to a half-day session, we coordinate update meetings with each of your advisors to understand the status and progress regarding your legal, financial, and tax situation, organized by advisor and associated enhancement initiatives. Where you have engaged other law, accounting, and/or similar financial firms for prior or current implementation(s), client acknowledges the firm is not, and does not claim to be an expert in those areas and is not responsible for past, current or future advisor implementation.
Enhancement Initiative Implementation, Phase Two
- Your advisory team continues communication amongst each other and you while finalizing the Enhancement Initiatives and refinements developed at the Advisor Update and Planning Session. We help you and the advisory team stay on track, complete implementation, and prepare for the end-of-year Confirmation Meeting.
Confirmation
- Following implementation, we meet with you and your other advisors for an hour or two Confirmation Meeting to review and address the Implementation Details, Exception Reports, and Remaining Questions. Where appropriate we discuss the following year.